Costco Wholesale (NASDAQ:COST) Price Target Raised to $1,060.00 at Citigroup

Costco Wholesale (NASDAQ:COST - Get Free Report) had its price target upped by stock analysts at Citigroup from $800.00 to $1,060.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the retailer's stock. Citigroup's price objective indicates a potential upside of 9.87% from the company's current price.

A number of other research firms also recently issued reports on COST. Truist Financial lifted their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a "hold" rating in a research note on Friday, December 13th. Loop Capital upped their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Stifel Nicolaus raised their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Raymond James lifted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Finally, Oppenheimer reissued an "outperform" rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $997.75.

Costco Wholesale Stock Down 1.8 %

Shares of NASDAQ COST traded down $17.34 during midday trading on Wednesday, hitting $964.74. 2,718,877 shares of the stock traded hands, compared to its average volume of 1,935,513. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale has a one year low of $640.51 and a one year high of $1,008.25. The business has a 50 day moving average price of $932.17 and a two-hundred day moving average price of $888.75. The company has a market cap of $427.45 billion, a PE ratio of 56.65, a P/E/G ratio of 6.02 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts' consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.93% and a return on equity of 33.19%. The business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the previous year, the business posted $4.86 EPS. Costco Wholesale's quarterly revenue was up 1.0% on a year-over-year basis. On average, equities analysts predict that Costco Wholesale will post 17.83 EPS for the current year.

Insider Transactions at Costco Wholesale

In other news, EVP Russell D. Miller sold 4,400 shares of the company's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the transaction, the executive vice president now directly owns 10,202 shares of the company's stock, valued at approximately $9,091,512.30. This represents a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of the firm's stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the sale, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. The trade was a 27.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,016 shares of company stock worth $9,826,115. Company insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Costco Wholesale

A number of institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in shares of Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock worth $6,534,464,000 after acquiring an additional 7,364,453 shares in the last quarter. Wulff Hansen & CO. grew its holdings in Costco Wholesale by 99,208.6% in the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer's stock worth $1,253,508,000 after purchasing an additional 1,473,248 shares during the period. Strategic Financial Concepts LLC lifted its holdings in shares of Costco Wholesale by 51,747.5% during the second quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer's stock valued at $5,266,000 after purchasing an additional 618,383 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Costco Wholesale by 28.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer's stock worth $1,307,363,000 after purchasing an additional 338,780 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its stake in shares of Costco Wholesale by 75,894.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer's stock worth $300,473,000 after buying an additional 338,489 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.